Cell Isolation market: Comprehensive Research Including Top Companies and Forecasts Report 2019-2024
The cell isolation market is projected to grow from USD 5.9 billion in 2019 to USD 13.0 billion by 2024, at a CAGR of 17.2% during the forecast period.
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Consumables segment is expected to grow at the highest rate during the forecast period
Based on product, the cell isolation market is segmented into consumables and instruments. During the forecast period, the consumables segment is estimated to register a higher growth rate. The increasing investments by companies to develop advanced products and the rising government initiatives for enhancing cell-based research are driving the growth of this segment.
Biotechnology & biopharmaceutical companies held the largest share of the cell isolation market in 2018
Based on end user, the cell isolation market is segmented into research laboratories & institutes, hospitals & diagnostic laboratories, biotechnology & biopharmaceutical companies, and other end users. The biotechnology & biopharmaceutical companies segment accounted for the largest share of the overall market in 2018. This dominant share is primarily attributed to the widespread adoption of advanced instruments in biotechnology and biopharmaceutical companies for cell-based experiments & cancer research. The increasing number of R&D facilities globally is another driving factor.
North America is expected to account for the largest share of the market during the forecast period
North America is one of the major revenue-generating regions in the global cell isolation market. The large share of the North American market is attributed to increasing government support for cancer and stem cell research, the expanding biotechnology and biopharmaceutical industries and the increasing prevalence of chronic and infectious diseases in which cell isolation is required for diagnosis and treatment. This will result in, increase in demand for cell isolation products.
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Key Market Players
Some of the prominent players in the cell isolation market are Thermo Fisher Scientific (US), Beckman Coulter (US), Becton, Dickinson and Company (US), GE Healthcare (US), Merck KgaA (Germany), Miltenyi Biotec (Germany), pluriSelect (Germany), STEMCELL Technologies Inc. (Canada), Terumo BCT (US), and Bio-Rad Laboratories Inc. (US).
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